Senate panel OKs crude export bill

Pumpjacks work in a field near Lovington, N.M. Moody’s projects that oil prices will rise slowly, to an average for West Texas Intermediate crude of $48 a barrel in 2016 and $55 in 2017.

Pumpjacks work in a field near Lovington, N.M. Moody’s projects...

WASHINGTON — Legislation authorizing crude exports advanced through another congressional panel Thursday with a mostly party-line vote that underscored some senators’ deep skepticism of making a big trade policy change to benefit oil producers without new environmental safeguards or taxes.

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